Daniel Levy: Tottenham’s transfer expenditure must be “intelligent” and “sustainable”
Tottenham president Daniel Levy says that the shopping of the club in the transfers market must be “sustainable” and “intelligent” after their latest financial results have shown a drop in revenue.
For the year after June 2024, the total revenues of Spurs decreased by 4% by £ 549.6 million in the 12 months preceding £ 528.2 million.
Overall, Spurs saw a reduction in losses net of taxes for 2024 (£ 26.2 million) compared to 2023 (£ 86.8 million)
Tottenham fans have protested against Levy And the owners of the ENIC Club on how the club is managed, including a perceived lack of investments in the game team.
Levy has recognized in the notes that accompany the results that “often read the requests to spend more” since the Spurs are “classified as the richest ninth club in the world”.
But he said that the “Tottenham expenditure must be long -term sustainable”.
“We cannot spend what we don’t have and we will not compromise the financial stability of this club,” Levy said.
“The recruitment remains a key focus and we must make sure to make intelligent purchases within our financial means. Our ability to generate recurring revenues determines our spending power.”
The club received more in television revenues – £ 165.9 million last year compared to £ 148.1 million in 2023 – but recovered only 1.3 million pounds in cash prizes from UEFA in 2024.
This was a considerable reduction in contrast with £ 56.2 million in the previous year after participation in the Champions League.
The operating expenses of Tottenham, before football, decreased by 7% to £ 453.6 million (2023: £ 487.9 million) which was attributed to “less football games and third -party events”.
Match receipts dropped to £ 105.8 million from £ 117.6 million due to nine less games.
Tottenham’s net debt increased to £ 772.5 million in 2024 compared to £ 677.4 million 12 months ago.
However, the club said that, since the average maturity of all their loans is 18.6 years, it will have a “limited impact” on their ability to invest in the game team.
